What happens to alternative cryptocurrencies IF Bitcoin "Bubble" breaks?(assume) - page 2.

shesheboy

full member

Activity: 714

Merit: 114

Quote from: lekam0213 on December 10, 2017, 02:15:43 AM

I think if Bitcoin bubble breaks some will move to buy altcoins and I think that moment ethereum would be listed in number 1( assume).

yeah this is also what im thinking about. if bitcoin pops like a bubble then for sure people will panic and majority of them will possibly switch out or shift directly on altcoins because altcoins are much stable and doesnt break like a bitcoin bubble. these can also help some alts to increase and get out from their comfort zone because i always notice that some other alts are became stagnant and stuck nowadays due to the demand that bitcoin gets on the public. people are always think that bitcoin is the only crytpto that can be invested for a longer term but infact altcoins are really suitable for longer terms due to the fact that their values are increasing much slower when compared to bitcoins that value tends to pump much quicker in a shorter span of time, yet bitcoin can also work in a short or long term of investments.

Endikadija

hero member

Activity: 1458

Merit: 509

Quote from: phunguyenhoang on December 09, 2017, 10:52:22 AM

hello,
If the financial bubble (assume) Bitcoin breaks down, whether the price of alternative cryptocurrencies like ETH, Ripple, LTC, etc. may be going up?
what do you think about it? here, I m not saying Bitcoin bubble as "Cryptocurrencies" Bubble,

It may be going up but in the bitcoin value as the dollar value gets stressed caused by the bitcoin correction. Because the bitcoin is the main coin that gives the dollar value to another altcoin. When it comes to the big correction and another coin will get impact too.
But just keep your bitcoin will better be caused by the bitcoin can be considered as the main crypto to store our value.

mittooss

member

Activity: 154

Merit: 10

DEm1CKDTViM1y9YmEcBaktNLWVx8rwuQUm

It is sure that if the price of Bitcoin reduces, it will definitely help other altcoins to increase its price. ETH, LTC, Monero and all will get benefited.

lekam0213

member

Activity: 275

Merit: 10

We offer our Service

I think if Bitcoin bubble breaks some will move to buy altcoins and I think that moment ethereum would be listed in number 1( assume).

anti-scam

sr. member

Activity: 476

Merit: 251

COINECT

If BTC goes down drastically then altcoin will panic sell, just look at all bloody altcoin. I understand this is a market risk.
there is always a difficult situation to take a moment, choose to survive or move assets.
and the movement of altcoin is greatly influenced by BTC, it confuses me.

hase0278

hero member

Activity: 882

Merit: 544

Quote from: phunguyenhoang on December 09, 2017, 10:52:22 AM

hello,
If the financial bubble (assume) Bitcoin breaks down, whether the price of alternative cryptocurrencies like ETH, Ripple, LTC, etc. may be going up?
what do you think about it? here, I m not saying Bitcoin bubble as "Cryptocurrencies" Bubble,

Probably they will fall down in price too like bitcoin. It will because most of them base their price on bitcoin. ETH might not follow the same trend because it already have an established market in USD making it unaffected if ever bitcoin bubble breaks if it really is a bubble. However, they might also not fall down of ever btc goes down in price after all bitcoin and altcoins are cryptocurrencies that are not that related with each other.

hasmukh_rawal

copper member

Activity: 490

Merit: 105

★777Coin.com★ Fun BTC Casino!

First of all, we don't know when the bubble will pop and if at all it will pop or not. In most cases the Bitcoin's price has recovered as soon as the price dropped $1000-$2000 . People start buying BTC when it drops $2000 in price. So there are pretty good chances that the bubble won't pop at all. Secondly, if at all it pops there are only 2 possibilities that could happen and that is that the money will flow either to altcoins or to fiat.
There are pretty good chances for Altcoins to rise since BTC's price will decrease. The potential coins like ETH, DASH, XRP, LTC will rise and the shitcoins will rest in peace. Some of the money will be gone into fiat and might be used later on to buy BTC at lesser price.

phunguyenhoang

newbie

Activity: 4

Merit: 0

Means that even if we strongly believe in the potential of ETH , Ripple, IOTA,etc. for long-term investment, the Bubble would lead them to be nothing.
And I invest in other alternative currencies ( ETH,...) for a long -term return instead of BTC, It still depend on much the BTC bubble
For now, BTC Bubble is seen as a bubble of cryptocurrencies market at whole

CrowdFunder

sr. member

Activity: 364

Merit: 250

Quote from: HabBear on December 09, 2017, 10:57:32 AM

Great question! A lot of them will crash and never recover. There are way to many alternative currencies in the market. When the crytpocurrency bubble pops, it's these ICOs (with rubbish business plans and thin trading markets) that will see the worst consequence. They'll crash and die and it'll be a great, cleansing activity for the cryptocurrency market!

By the way, all coins will lose value, but Bitcoin and the other 10-20 real cryptocurrencies will regain their value over time.

You are spot on, about 95% or more will die and maintain only minimal marketcaps. They will get delisted from the major exchanges for lack of activity and there will be real room for new real projects to come online.

HabBear

hero member

Activity: 1106

Merit: 637

Great question! A lot of them will crash and never recover. There are way to many alternative currencies in the market. When the crytpocurrency bubble pops, it's these ICOs (with rubbish business plans and thin trading markets) that will see the worst consequence. They'll crash and die and it'll be a great, cleansing activity for the cryptocurrency market!

By the way, all coins will lose value, but Bitcoin and the other 10-20 real cryptocurrencies will regain their value over time.

phunguyenhoang

newbie

Activity: 4

Merit: 0

hello,
If the financial bubble (assume) Bitcoin breaks down, whether the price of alternative cryptocurrencies like ETH, Ripple, LTC, etc. may be going up?
what do you think about it? here, I m not saying Bitcoin bubble as "Cryptocurrencies" Bubble,

Topic: What happens to alternative cryptocurrencies IF Bitcoin "Bubble" breaks?(assume) - page 2. (Read 758 times)